Oil prices increased on Friday as traders rushed to close short positions ahead of the extended weekend. Heightened fears about a possible US operation against Iran contributed to the fluctuating prices, pushing both Brent crude and US West Texas Intermediate to gain ground. The recent deployment of a US Navy carrier group to the Persian Gulf couldn’t be ignored either.
Oil little changed on uncertainty over US-Iran peace deal
Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This